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How to Borrow Money from Your Business Broker: A Guide to Finding Some of the Money You Need When You Buy a Business
- Narrated by: David C Barnett
- Length: 42 mins
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Publisher's Summary
After the savings, mortgages, term loans, vendor financing, lines of credit, and even credit cards have been applied there sometimes remains a 'gap' in the money required to buy a successful business.
David C Barnett has spent years helping people buy and sell businesses as both a business broker and private transaction advisor. In his years of experience, he has had to bridge that gap several times using broker loans.
Business brokers are not in the normal business of lending money. How does one convince a broker that this is the right thing to do?
Barnett explains the problems in the business broker industry and shows you several reasons why your broker would help you with financing while protecting his own interests.
Don't let a funding gap rob you of your dream of becoming a successful business owner.
If you're a business broker, the techniques outlined in this special report can help you close more deals faster and protect your commissions from untrustworthy sellers.
What listeners say about How to Borrow Money from Your Business Broker: A Guide to Finding Some of the Money You Need When You Buy a Business
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- Sujit E
- 2021-03-23
Insightful guide to debt finance from stakeholder
As the title of book suggests, teaches you how to bridge the funding gap from the stakeholder in an M&A transaction. As the subtitle of the book suggests, it specifically says "some of the money" and I want to highlight this as in my view the "some" can be quantified to be a fraction of the brokers' commission. This gives great insight into the Behind the scenes of the business buying process from the broker POV. This brings us to think of win-win-win in the tri-party transaction.
I had a follow-up question and David took time to answer and clarify. Kudos!
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